Submission of Financial Results
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Awaiting price reaction for this filing.
Parle Industries reported a sharp collapse in revenue, with standalone Q2 revenue falling to Rs. 10.00 lakhs from Rs. 65.02 lakhs a year earlier (~85% decline) and H1 revenue at Rs. 30.00 lakhs vs Rs. 100.02 lakhs (~70% decline). The company swung to a pre-tax loss of Rs. 14.59 lakhs in Q2 (vs profit of Rs. 49.33 lakhs) and Rs. 11.05 lakhs loss for H1, though small deferred tax credits kept standalone PAT mildly positive at Rs. 2.96 lakhs (Q2) and Rs. 11.75 lakhs (H1). On a consolidated basis, Q2 PAT was actually negative at Rs. (5.25) lakhs. Operating cash flow turned sharply negative at Rs. (26.18) lakhs (standalone) and Rs. (42.08) lakhs (consolidated) versus strong inflows last year. The auditor flagged an Emphasis of Matter on share forfeiture due to unpaid call money and an unresolved share-swap arrangement, and noted that comparative figures were reviewed by the previous auditor, indicating an auditor change during the year.
Shareholders should be cautious — the steep revenue drop, pre-tax losses, negative operating cash flow, auditor change, and unresolved share-swap/forfeiture issues point to significant operational and governance stress that could weigh on the stock.